Daily FX Wrap and Strategy

The NZD/USD has declined to trade around 0.7850 this morning. It was a relatively quiet start to the week for the NZD/USD as it pushed above 0.7910 yesterday afternoon. However, overnight in the backdrop of stronger European currencies (see Majors) the NZD/USD fell away. It trades around 0.7850 currently. Resistance is eyed at 0.7890, while support is seen just above 0.7800.

Read the full report: FX Daily